Built in 1998, the Class A facility sits on 16.7 acres and had a 2012 appraised value of $9.4 million, according to the Shelby County Assessor of Property.

Industrial Memphis International Owner bought the property in 2007 for $15 million.

The property met financial straits in 2010 when CSC Applied Technologies LLC, a technology company that supports federal agencies such as the U.S. Postal Service, shut down the facility. The move resulted in about 68 layoffs.

Built in 1986, the 56,115-square-foot hotel sits on 2.21 acres on the north side of Macon Cove, southwest of the junction of Interstate 40 and Sycamore View. The Shelby County Assessor of Property’s 2012 appraisal was $1.7 million.

The hotel last traded hands in March 2010 when A&P Hotel Funding LLC sold it for $1.8 million to Patel, who had financed the transaction with a $1.6 million loan through United Central Bank.

The company filed the deed of trust, security agreement and assignment of rents and leases March 5 through Financial Federal Bank. Raymond Gill III signed the trust deed as chief executive officer of Storage Town Shelby, the partnership that runs the Storage Towne of America storage facilities.

The property, which is on the south side of East Shelby Drive west of its intersection with Hacks Cross Road, includes three parcels. One of the parcels is a cell tower site that had a 2012 appraised value of $116,000, according to the Shelby County Assessor of Property.

The other two parcels, both listed as 7845 E. Shelby Drive, house a collection of storage buildings.

One parcel includes 59,840 square feet of storage facilities that were built in 2004 and sit on 3 acres; its appraised value last year was $1.9 million. The other parcel includes 50,970 square feet of storage facilities that were built in 2007 and sit on 2.3 acres; its appraised value last year was $1.7 million.